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BlackSky Technology (BKSY)

Earnings summaries and quarterly performance for BlackSky Technology.

Recent press releases and 8-K filings for BKSY.

BlackSky Reports Q3 2025 Results, Highlights New Contracts and Maintained Full-Year Guidance
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky reported YTD 2025 revenue of $71.4 million and a YTD Adjusted EBITDA loss of $7.9 million.
  • The company secured over $60 million in new contracts, including a $30 million contract for Gen-3 tactical ISR services with an international defense customer. International customers now account for 50% of BlackSky's revenues and over 90% of its backlog.
  • BlackSky's Q3 2025 cash balance increased to $147.6 million, bringing total liquidity to over $200 million.
  • The company maintained its full-year 2025 guidance, projecting revenue between $105 million and $130 million and Adjusted EBITDA between $0 million and $10 million.
  • Expansion of the Gen-3 constellation continues, with the next satellite prepared for launch and the full commercial constellation expected to be operational in 2026.
Nov 6, 2025, 1:30 PM
BlackSky Technology Reports Q3 2025 Results and Maintains Full-Year Guidance
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky Technology reported total revenue of $71.4 million for the first nine months of 2025, consistent with the prior year, though Q3 2025 revenue was negatively impacted by approximately $4 million due to reductions in the EOCL contract. Adjusted EBITDA for the first nine months of 2025 was a loss of $7.9 million.
  • The company ended Q3 2025 with a strong liquidity position of over $200 million, including $147.6 million in cash, restricted cash, and short-term investments, which is more than double the cash balance from a year ago. BlackSky is maintaining its full-year 2025 guidance and anticipates a strong Q4 and high visibility growth in 2026.
  • BlackSky was awarded over $60 million in new contracts, primarily with international customers, leading international revenues to represent about half of total revenues and over 90% of the backlog. The company continues to expand its Gen-3 constellation, with a goal of having at least 12 Gen-3 satellites operational by the end of 2026.
Nov 6, 2025, 1:30 PM
BlackSky Technology Inc. Reports Q3 2025 Results
BKSY
Earnings
Guidance Update
Debt Issuance
  • BlackSky Technology Inc. reported total revenue of $19.6 million and a net loss of $15.3 million for the third quarter ended September 30, 2025.
  • The company's backlog reached $322.7 million, with approximately 91% derived from international contracts.
  • BlackSky secured over $60 million in new contract awards during the quarter, including a multi-year contract valued at over $30 million with a strategic international defense customer.
  • As of September 30, 2025, the cash balance increased to $147.6 million, supported by $65.9 million in net cash proceeds from a convertible note offering and $10.8 million from the exercise of certain warrants.
  • The company maintains its full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures.
Nov 6, 2025, 12:03 PM
BlackSky Technology Reports Third Quarter 2025 Results
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky Technology reported total revenue of $19.6 million for the third quarter of 2025, alongside a net loss of $15.3 million and an Adjusted EBITDA loss of $4.5 million.
  • The company secured over $60 million in new contract awards, boosting its backlog to $322.7 million, with approximately 91% from international contracts.
  • As of September 30, 2025, the cash balance increased to $147.6 million.
  • The next Gen-3 satellite is at the launch site for an anticipated launch in the coming weeks, and BlackSky is maintaining its full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures.
Nov 6, 2025, 12:00 PM
BlackSky Secures Multi-Year Contract for Gen-3 Tactical ISR Services
BKSY
New Projects/Investments
Revenue Acceleration/Inflection
  • BlackSky Technology Inc. won a multi-year contract valued at over $30 million.
  • The contract is for integrating Gen-3 high-cadence tactical ISR services into a strategic international defense customer’s secure environment.
  • This solution aims to accelerate sovereign space-based intelligence capabilities by leveraging commercial technology for high-frequency, low-latency Gen-3 capabilities and AI-enabled analytics.
  • The enhancements will enable BlackSky’s commercial high revisit constellation to operate seamlessly within the customer’s secure workflows, delivering fully secure and autonomous operations.
Nov 4, 2025, 1:30 PM